Which Industrial Stock is a Better Investment? By StockNews
Continued progress on the vaccination front, favorable policies, and rising demand should keep driving the industrial sector’s growth. Popular industrial stocks like Honeywell (NYSE:) and 3M Company(NYSE:) will see significant sales growth over the next few months. What stock do you think is the best buy? You can read more about Honeywell International Inc. (NASDAQ) and 3M Company, (MMM), two of the most well-known industrial companies. HON is a global technology and manufacturing company. The company operates through four segments — Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. MMM manufactures and markets products all over the world.
The company also operates through four business segments — Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The company sells its products via traditional wholesalers and retailers as well as through jobbers and distributors. It also offers direct to customers.
With solid progress made on vaccination, the sector’s industrial activities have seen a recovery. Rising demand for advanced equipment, machinery, and supplies should drive the sector’s growth. Both HON as MMM will benefit. In terms of the past year’s performance, HON is a winner with a 34.9% gain versus MMM’s 13.4% return. What stock do you think is the best? Let’s find out.
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